Industry News, International

Global crawler crane market expected to rise

A crawler crane with its boom upright works in a sunlit construction site.’s ‘Global Crawler Crane Market Report and Forecast 2023-2028’ has been made available online for public perusal.

The global market is projected to grow at a rate of 6.1% Compound Annual Growth Rate (CAGR) to reach a value of USD 3041.5 million by the year 2028, according to the report.

With construction activities increasing across the globe – which can be seen in the record $120 billion infrastructure investment by the Federal Government in Australia in the 2022-23 budget – the need to carry heavy loads for these activities is fuelling growth in the crawler market. This operates in tandem with the rapid urbanisation and infrastructural development seen in developing countries, which is driving a higher demand for “advanced lifting equipment such as crawler cranes” according to the report.

The drive towards renewable energy is also contributing heavily towards the projected growth in the crawler crane market. The expansion of the wind energy sector is driving the boost in the crawler market as their higher lifting capacity, stability, and mobility makes them the crane of preference when it comes to the installation and maintenance of wind turbines.

Furthermore, low-emission and energy efficient cranes are being produced at a higher rate in the crawler category compared to its counterparts. With “stringent” environmental regulations either on the horizon or rapidly approaching for many companies across the globe, customers are actively opting for more environmentally friendly cranes, leading them toward the crawler crane market.

READ MORE: Select adds two 250t Liebherr unplugged crawler cranes. 

READ MORE: BridgePro expands operations with two HSC crawler cranes.

The report offers the option to divide the market review based on capacity from < 50 tonnes through to > 400 tonnes, application by industry, and regions across the globe.

It also highlights Liebherr, Sennebogen, Manitowoc, Link-Belt Cranes, Kobelco, Kato, Sany, and Sumitomo (HSC) as the major key players in the future of the crawler crane industry.

READ MORE: Global Crawler Crane Market Report and Forecast 2023-2028.

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